2B — June 13 - 26, 2014 — New Jersey — M id A tlantic

Real Estate Journal


N ew J ersey

Fairfield Corporate Park, Fairfield, New Jersey

Vice president Kaplan handles entire transaction Prestige Group sells twelve apartment units for $692,500


UNNEMEDE , NJ — Richard Natow , president of Prestige

FOR LEASE 32,000 Square Foot Industrial Building

Group, Inc. announc ed tha t Pr e s - tige Group, Inc. was re- s p o n s i b l e for the sale o f “ Sm i t h Lane Apart- ments”, a 12

* Warehouse/Manufacturing * 6,000 Square Feet Office – Can be reduced * 20 Ft Ceiling Height / 4 Tailgate Doors / 60+ Car Parking * Attractive rental rates and terms available.

SHELDON GROSS REALTY, INC. REALTORS ● Corporate Real Estate Services 80 Main Street, West Orange, NJ 07052 Tel.#973-325-6200 - Fax.#973-325-9090 E-mail: sgross@sheldongrossrealty.com

Victor Kaplan

unit multifamily property in Runnemede. The address is 40-44 Smith Ln., which is lo- cated in Camden County. Smith Lane Apartments consists of three brick and sid-

Smith Lane Apartments

a section of the Mid Atlantic Real Estate Journal P.O. Box 26, Accord, MA 02018 781-871-5298 • 800-584-1062 fax 781-871-5299 www.marejournal.com New Jersey Real Estate Journal Kaplan said, “This property was in excellent condition! Eleven of the twelve units had been recently renovated. The buildings have electronically monitored smoke detection systems. The vinyl siding is capped and in great condition making the exterior of the building practically mainte- nance free! The parking lot had been newly sealed and striped. This was very attrac- tive to the Buyer as they are local multi-family owners.” Kaplan said, “The seller was very satisfied with the sale of the property. The settlement process went very quickly! It took just three weeks. It was a cash transaction. And the cur- rent New Jersey State Green Card was beneficial also.” n ment building was purchased by a local investment company for $ 692,500. The seller was “IO, LLC”. Prestige Group was respon- sible for the listing and sale side of this transaction. Vic- tor Kaplan , vice president, handled the entire transaction from marketing the property for sale, contract negotiations through to a successful settle- ment.

ing buildings each consisting of four, one bedroom apart- ments. The buildings are built in a colonial style. The apart-

Section Editor Julie King editor@marejournal.com

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